Lesson Plan For The Future
Transaction Costs (from a friend):
Next Gen 2023:
A digital shared service allows all market participants to “plug in” and reduce their homeownership transaction processing costs by 70%.
Technology, content and to some extent capital are no longer differentiators. This step function in capability changes the basis of competition for brokers, agents and their transaction partners.
The firms/teams that build networks based on trusted relationships, effective marketing and delivery of a range of pre and post transaction services will WIN.
What will matter most are the agreements that capture value for content acquisition and downstream digital rights.